Checking Accounts

APY = Annual Percentage Yield. Rates are subject to change at any time and without notice. Dividends look and feel like interest, but because we are a credit union the earnings we pay are called “dividends.”

*The Zero-Fee Checking Account has no monthly maintenance fees and does not require a minimum balance. There are no overdraft or non-sufficient funds (NSF) fees, and in-network ATMs are free to use. While we do not charge fees for out-of-network ATMs, the ATM owner or network may apply a fee. Account holders receive a free debit card, free access to online and mobile banking, and the ability to set up direct deposits at no cost. Paper statements are available upon request, and optional services such as, stop payments, wire transfers, replacement debit cards (rush cards) may incur charges.  Other fees including return item fees also apply.  Please refer to the Credit Union’s Service Charges and Fees schedule located in the Truth-In-Savings Disclosure for all other fees and charges.  Deposits, including direct deposits and cash, are generally available immediately, while check deposits are typically available the next business day or may be longer depending on check holds, if applicable. This account is designed to prevent overdrafts past the allowable limits. Transactions that would overdraw your account may be declined. There are no overdraft fees for ATM or one-time debit card transactions. Deposits are insured up to applicable limits by the NCUA. The Zero-Fee Checking Account provides simple, low-cost access to your funds with transparency and no fees for overdrafts, in-network ATM fees, and monthly maintenance fees.

**An initial deposit of $20 is required to open CashBack Checking. CashBack Checking will earn a $5 (five dollar) reward and is eligible for up to $10 (ten dollars) in ATM surcharge rebates per statement cycle subject to the following: 1) $1,000 (one thousand dollars) monthly minimum direct deposit, 2) eStatements, and 3) 10 Debit Card Point of Sale (PIN and Signature based) posted transactions using the Farmers Insurance Federal Credit Union Debit Card on the CasbBack Checking Account. Posted transactions count toward monthly minimums. Additional restrictions apply: I must be a Member in good standing with a current, valid email address on file with the Credit Union. Qualifying transactions must post and clear the account during the monthly qualification cycle. Transactions may take one or more business days from the transaction date to post to the account. At the time of the statement cycle date the Credit Union will verify the combined products and services used since the previous cycle date to determine the qualification for the $5 reward and the eligibility for the ATM surcharge rebate. In the event that my monthly $1,000 ACH Direct Deposit credit is not received by the Credit Union for a 60 day period, any loan discount which requires the said monthly deposit, CashBack rewards and rebates, and any rate bump-ups on any share certificates will also be discontinued. CashBack reward amount may be found at the Credit Union’s website, verified at a Credit Union Branch or by calling 800.877.2345. Rewards, ATM surcharge rebate amounts, and eligibility criteria are subject to change at any time. Fees may reduce earnings and/or rewards. Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit or Agent Net Check into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time.

†An initial deposit of $20 is required to open High Yield Checking. High Yield Checking is an dividend earning checking account eligible for up to 5.00% APY in dividends on the average daily balance in the checking account up to $5,000 (five thousand dollars) and 0.20% APY on balances over $5,000. Dividends are calculated by applying a periodic rate to the Average Daily Balance in the account for the Dividend period. High Yield Checking will earn up to 5.00% APY in dividends and is eligible for up to $10 (ten dollars) in ATM surcharge rebates per statement cycle subject to the following: 1) $1,000 (one thousand dollars) monthly minimum direct deposit, 2) eStatements, and 3) 10 Debit Card Point of Sale (PIN and Signature based) posted transactions using the Farmers Insurance Federal Credit Union Debit Card. Posted transactions count toward monthly minimums. Dividends earned will be credited to the account at the end of the statement period. Additional restrictions apply: I must be a Member in good standing with a valid email address on file with the Credit Union. Qualifying transactions must post and clear the account during the monthly qualification cycle. Should the account not qualify for ATM surcharge rebates and/or the 5.00% APY in dividends, and for balances in excess of $5000, the account will earn 0.20% APY (twenty basis points) on the checking account balance. Transactions may take one or more business days from the transaction date to post to the account. At the time of the statement cycle date you will verify the combined products and services used since the previous cycle date to determine the qualification for the 5.00% dividend and the eligibility for the ATM surcharge rebate. In the event that my monthly $1,000 ACH direct deposit credit does not come in for a 60 day period, the loan discount and the rate bump-up on the certificate will also be discontinued. Current dividend rates and the annual percentage yield may be found at the Credit Union’s website, may be verified at a Credit Union Branch or by calling 800.877.2345. Dividend rates earned, ATM surcharge rebate amounts and qualifying dollar amounts for dividends earned are subject to change at any time. APYs, ATM surcharge rebate amounts and eligibility criteria are subject to change at any time. Fees may reduce earnings.

‡Surcharge-free at participating in-network ATMs. Out-of-network ATM operator fees may apply.

Rate bonus is for a minimum of $1,000 monthly ACH Direct Deposit into a Farmers Insurance Federal Credit Union Checking Account. Rates are subject to change at any time.

New Member Bonus Program— Eligible “New Member” will receive a bonus in the amounts stated, subject to the following:
New Members/New Account must use a valid “promo/promotional” code at signup/account opening to be eligible to receive the bonus. Offer not available to existing Farmers Insurance Federal Credit Union’s (“Credit Union”) Members. This Bonus Program offer cannot be combined with any other New Member or Referral offer and is limited to one bonus per account per new Member. This offer is not available to referrals or individuals who are currently or have been in the past a Member of the Credit Union.  

In order to be eligible the “New Member” must be an individual who is at least 18 years of age; is within the Credit Union’s Field of Membership; and who becomes a new qualified member. The eligible New Member must open a qualified bonus account with a minimum qualifying deposit with new money and/or obtain a new qualifying loan with the Credit Union within 10 days of joining the Credit Union. The New Member must remain a Member for at least 90 days in order for the bonus to be paid. In order to qualify for any Bonus under this Promotion, the New Member must at all times, from the time the individual becomes a Member of the Credit Union until the bonus is paid, be a Member in good standing and not in breach of any Credit Union policy or agreement with the Credit Union. 

There are different ways to qualify for a bonus. In order to be eligible the New Member must fully comply with one of the following to qualify: 

Checking and Direct Deposit Bonus: In order to qualify for a bonus the “New Member” must open a FIGFCU Checking (sharedraft) account within 10 days of joining the Credit Union, and post Eligible Direct Deposits into the Checking account during the “Direct Deposit Bonus Period”. 

The Direct Deposit Bonus Period begins when the eligible New Member opens a new Credit Union Checking (sharedraft) account and ends 90 calendar days after account opening. The bonus amount will be based on the total amount of Eligible Direct Deposits received during the Direct Deposit Bonus Period.  

• $100 Bonus for Eligible Direct Deposits with a cumulative total of $3,000 to $14,999, received through at least 3 eligible Direct Deposits, made on different days, during the Direct Deposit Bonus Period. 
• $250 Bonus for Eligible Direct Deposits with a cumulative total of $15,000 or more, received through at least 3 eligible Direct Deposits, made on different days, during the Direct Deposit Bonus Period. 

Once the Direct Deposit Bonus Period has passed, the Credit Union will determine if the eligible New Member has met the offer requirements and if the New Member qualifies, will thereafter deposit any earned bonus within 30 calendar days. The New Member must have an active Membership savings account at the time of the bonus payout. The bonus will be posted to the Membership savings account.  

Eligible Direct Deposit means a recurring deposit of regular income to a Member’s FIGFCU Checking (sharedraft) account, from payroll, pension, or government benefit payments (e.g., Social Security), made by the Member’s employer, payroll,  benefits provider, or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network. 
Deposits that are from check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), bank ACH funds transfers, wire transfers, or are non-recurring in nature (e.g. IRS tax refunds), do not qualify as Eligible Direct Deposits. 

The Promotion is available starting October 01, 2025 until further notice. This Bonus Promotion is subject to change and/or termination at any time without prior notice. 

Whether the New Member qualifies for a Bonus will be in the Credit Union’s sole discretion. The Bonus will be posted to the Membership savings account. “Bonus” is considered interest and will be reported to the IRS.  The above bonuses are not available to FIGFCU’s Board of Directors, Officers, Employees, their immediate family members, and members of their households. 
 

Membership eligibility required.